Industry: Machinery & Equipment
Published Date: 2025-02-25
Pages: 108 Pages
Report ld: 4237600
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Expander Market Size(US$)

CAGR 2025-2031
4.1%
Market Size,2031
USD 1,375
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Expander was valued at US$ 1040 million in the year 2024 and is projected to reach a revised size of US$ 1375 million by 2031, growing at a CAGR of 4.1% during the forecast period.
The expander is a machine that uses the principle of reducing the temperature of the gas by outputting mechanical work outward when the compressed gas expands and depressurizes to obtain a cold amount. Expanders are commonly used in cryogenic equipment.
The expander is divided into two types: piston expander and turbo expander according to the movement form and structure. The piston expander is mainly suitable for medium and small high and medium pressure cryogenic equipment with high pressure ratio and small flow.
MARKET SEGMENTATION
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Expander, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Expander.
The Expander market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Expander market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Expander manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Expander manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Expander by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Expander in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Expander Market Overview
1.1 Product Definition
1.2 Expander by Type
1.2.1 Global Expander Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Low Pressure Expander
1.2.3 Medium Pressure Expander
1.2.4 High Pressure Expander
1.3 Expander by Application
1.3.1 Global Expander Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Air Separation
1.3.3 Liquefied Natural Gas (Lng)
1.3.4 Petrochemical Processing
1.3.5 Waste Heat or Other Power Recovery
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Expander Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Expander Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Expander Production Estimates and Forecasts (2020-2031)
1.4.4 Global Expander Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Expander Production Market Share by Manufacturers (2020-2025)
2.2 Global Expander Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Expander, Industry Ranking, 2023 VS 2024
2.4 Global Expander Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Expander Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Expander, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Expander, Product Offered and Application
2.8 Global Key Manufacturers of Expander, Date of Enter into This Industry
2.9 Expander Market Competitive Situation and Trends
2.9.1 Expander Market Concentration Rate
2.9.2 Global 5 and 10 Largest Expander Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Expander Production by Region
3.1 Global Expander Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Expander Production Value by Region (2020-2031)
3.2.1 Global Expander Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Expander by Region (2026-2031)
3.3 Global Expander Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Expander Production Volume by Region (2020-2031)
3.4.1 Global Expander Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Expander by Region (2026-2031)
3.5 Global Expander Market Price Analysis by Region (2020-2025)
3.6 Global Expander Production and Value, Year-over-Year Growth
3.6.1 North America Expander Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Expander Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Expander Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Expander Production Value Estimates and Forecasts (2020-2031)
3.6.5 South Korea Expander Production Value Estimates and Forecasts (2020-2031)
3.6.6 India Expander Production Value Estimates and Forecasts (2020-2031)
4 Expander Consumption by Region
4.1 Global Expander Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Expander Consumption by Region (2020-2031)
4.2.1 Global Expander Consumption by Region (2020-2025)
4.2.2 Global Expander Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Expander Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Expander Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Expander Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Expander Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Expander Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Expander Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Expander Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Expander Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Expander Production by Type (2020-2031)
5.1.1 Global Expander Production by Type (2020-2025)
5.1.2 Global Expander Production by Type (2026-2031)
5.1.3 Global Expander Production Market Share by Type (2020-2031)
5.2 Global Expander Production Value by Type (2020-2031)
5.2.1 Global Expander Production Value by Type (2020-2025)
5.2.2 Global Expander Production Value by Type (2026-2031)
5.2.3 Global Expander Production Value Market Share by Type (2020-2031)
5.3 Global Expander Price by Type (2020-2031)
6 Segment by Application
6.1 Global Expander Production by Application (2020-2031)
6.1.1 Global Expander Production by Application (2020-2025)
6.1.2 Global Expander Production by Application (2026-2031)
6.1.3 Global Expander Production Market Share by Application (2020-2031)
6.2 Global Expander Production Value by Application (2020-2031)
6.2.1 Global Expander Production Value by Application (2020-2025)
6.2.2 Global Expander Production Value by Application (2026-2031)
6.2.3 Global Expander Production Value Market Share by Application (2020-2031)
6.3 Global Expander Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Cryostar
7.1.1 Cryostar Expander Company Information
7.1.2 Cryostar Expander Product Portfolio
7.1.3 Cryostar Expander Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Cryostar Main Business and Markets Served
7.1.5 Cryostar Recent Developments/Updates
7.2 Atlas Copco
7.2.1 Atlas Copco Expander Company Information
7.2.2 Atlas Copco Expander Product Portfolio
7.2.3 Atlas Copco Expander Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Atlas Copco Main Business and Markets Served
7.2.5 Atlas Copco Recent Developments/Updates
7.3 GE oil &gas
7.3.1 GE oil &gas Expander Company Information
7.3.2 GE oil &gas Expander Product Portfolio
7.3.3 GE oil &gas Expander Production, Value, Price and Gross Margin (2020-2025)
7.3.4 GE oil &gas Main Business and Markets Served
7.3.5 GE oil &gas Recent Developments/Updates
7.4 Air Products
7.4.1 Air Products Expander Company Information
7.4.2 Air Products Expander Product Portfolio
7.4.3 Air Products Expander Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Air Products Main Business and Markets Served
7.4.5 Air Products Recent Developments/Updates
7.5 Opcon AB
7.5.1 Opcon AB Expander Company Information
7.5.2 Opcon AB Expander Product Portfolio
7.5.3 Opcon AB Expander Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Opcon AB Main Business and Markets Served
7.5.5 Opcon AB Recent Developments/Updates
7.6 ACD
7.6.1 ACD Expander Company Information
7.6.2 ACD Expander Product Portfolio
7.6.3 ACD Expander Production, Value, Price and Gross Margin (2020-2025)
7.6.4 ACD Main Business and Markets Served
7.6.5 ACD Recent Developments/Updates
7.7 L.A. Turbine
7.7.1 L.A. Turbine Expander Company Information
7.7.2 L.A. Turbine Expander Product Portfolio
7.7.3 L.A. Turbine Expander Production, Value, Price and Gross Margin (2020-2025)
7.7.4 L.A. Turbine Main Business and Markets Served
7.7.5 L.A. Turbine Recent Developments/Updates
7.8 Turbogaz
7.8.1 Turbogaz Expander Company Information
7.8.2 Turbogaz Expander Product Portfolio
7.8.3 Turbogaz Expander Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Turbogaz Main Business and Markets Served
7.8.5 Turbogaz Recent Developments/Updates
7.9 Samsung
7.9.1 Samsung Expander Company Information
7.9.2 Samsung Expander Product Portfolio
7.9.3 Samsung Expander Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Samsung Main Business and Markets Served
7.9.5 Samsung Recent Developments/Updates
7.10 RMG
7.10.1 RMG Expander Company Information
7.10.2 RMG Expander Product Portfolio
7.10.3 RMG Expander Production, Value, Price and Gross Margin (2020-2025)
7.10.4 RMG Main Business and Markets Served
7.10.5 RMG Recent Developments/Updates
7.11 Kaishan
7.11.1 Kaishan Expander Company Information
7.11.2 Kaishan Expander Product Portfolio
7.11.3 Kaishan Expander Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Kaishan Main Business and Markets Served
7.11.5 Kaishan Recent Developments/Updates
7.12 Hangyang Group
7.12.1 Hangyang Group Expander Company Information
7.12.2 Hangyang Group Expander Product Portfolio
7.12.3 Hangyang Group Expander Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Hangyang Group Main Business and Markets Served
7.12.5 Hangyang Group Recent Developments/Updates
7.13 SASPG
7.13.1 SASPG Expander Company Information
7.13.2 SASPG Expander Product Portfolio
7.13.3 SASPG Expander Production, Value, Price and Gross Margin (2020-2025)
7.13.4 SASPG Main Business and Markets Served
7.13.5 SASPG Recent Developments/Updates
7.14 HNEC
7.14.1 HNEC Expander Company Information
7.14.2 HNEC Expander Product Portfolio
7.14.3 HNEC Expander Production, Value, Price and Gross Margin (2020-2025)
7.14.4 HNEC Main Business and Markets Served
7.14.5 HNEC Recent Developments/Updates
7.15 Suzhou Xida
7.15.1 Suzhou Xida Expander Company Information
7.15.2 Suzhou Xida Expander Product Portfolio
7.15.3 Suzhou Xida Expander Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Suzhou Xida Main Business and Markets Served
7.15.5 Suzhou Xida Recent Developments/Updates
7.16 Beifang Asp
7.16.1 Beifang Asp Expander Company Information
7.16.2 Beifang Asp Expander Product Portfolio
7.16.3 Beifang Asp Expander Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Beifang Asp Main Business and Markets Served
7.16.5 Beifang Asp Recent Developments/Updates
7.17 Jianyang Ruite
7.17.1 Jianyang Ruite Expander Company Information
7.17.2 Jianyang Ruite Expander Product Portfolio
7.17.3 Jianyang Ruite Expander Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Jianyang Ruite Main Business and Markets Served
7.17.5 Jianyang Ruite Recent Developments/Updates
7.18 Huayu
7.18.1 Huayu Expander Company Information
7.18.2 Huayu Expander Product Portfolio
7.18.3 Huayu Expander Production, Value, Price and Gross Margin (2020-2025)
7.18.4 Huayu Main Business and Markets Served
7.18.5 Huayu Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Expander Industry Chain Analysis
8.2 Expander Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Expander Production Mode & Process Analysis
8.4 Expander Sales and Marketing
8.4.1 Expander Sales Channels
8.4.2 Expander Distributors
8.5 Expander Customer Analysis
9 Expander Market Dynamics
9.1 Expander Industry Trends
9.2 Expander Market Drivers
9.3 Expander Market Challenges
9.4 Expander Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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The global Expander market was valued at US$ 1078 million in 2025 and is anticipated to reach US$ 1426 million by 2032, at a CAGR of 4.1% from 2026 to 2032.
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The global Expander market is projected to grow from US$ 1040 million in 2024 to US$ 1375 million by 2031, at a CAGR of 4.1% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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